APRA lifts investor lending cap limit

Discussion in 'Property Market Economics' started by eletronic_exp0430, 26th Apr, 2018.

Join Australia's most dynamic and respected property investment community
  1. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

    Joined:
    26th May, 2017
    Posts:
    1,244
    Location:
    Sydney
  2. TheSackedWiggle

    TheSackedWiggle Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    1,826
    Location:
    canberra
    euro73 likes this.
  3. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,125
    Location:
    The beautiful Hills District, Sydney Australia
    See above. The 10% speed limit was redundant. Removing it does nothing to change the 30% IO quota or the tighter servicing calcs :)
     
  4. Zoolander

    Zoolander Well-Known Member

    Joined:
    15th Dec, 2016
    Posts:
    668
    Location:
    Sydney
    Yeah lifting a 10% limit means jack when all my wheels are clamped.
     
    Air_Bender likes this.
  5. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,125
    Location:
    The beautiful Hills District, Sydney Australia

    I keep telling everyone.... cash flow and debt reduction. cash flow and debt reduction. cash flow and debt reduction.

    This tougher credit environment isnt going to magically disappear. The Royal Commission is only making sure it will get even tighter. So cash flow and debt reduction, friends.

    Here's when APRA or ASIC news will be exciting; when they reduce the assessment rate or when they reduce HEM's. But otherwise... cash flow and debt reduction :)
     
  6. Phar Lap

    Phar Lap Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,060
    Location:
    NSW
    I hear ya...!
     
  7. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    It does show all policies are flexible and reflect current market conditions.

    That's it
     
  8. highlighter

    highlighter Well-Known Member

    Joined:
    2nd Jun, 2016
    Posts:
    930
    Location:
    Australia
    Perhaps, but APRA commented specifically on how they were "embedding" or locking in the current tighter lending rules, and also expanded them, so I wouldn't be hanging out for a rollback of those. Removing the cap is little more than lip service. The banks weren't even reaching the cap as it was, so it was completely redundant.
     
    jprops likes this.
  9. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    2,701
    Location:
    Sydney, NSW
    Woot woot
     

Price Accounting are a leading tax service for your property + tax issues. Contact Paul@PFI for property focussed tax services using our client portal access, digital signing and checklist based approach for best pricing. Free client pack included.